Google spent $270K to reduce pay gap

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Lamb said she was not withdrawing her proposal, which asks the company to report on the risks it faces from emerging public policies on gender pay, "including reputational, competitive and operational risks, and risks related to recruiting and retaining female talent".

The company, which employs around 6,000 people in the United Kingdom, on Friday reported a mean gender pay gap in Britain for its global business of 55.5 per cent and a mean bonus gap for the unit of 72.2 per cent.

The Wall Street Journal reported last week that Blankfein was preparing to stand down as Goldman's CEO after nearly 12 years in charge.

The pay gap at Goldman Sachs and other financial firms points to the high concentration of men in senior positions within the industry. At its widest, the gap is 61 percent for bonus payments between the group's male and female employees.

Lloyds Banking Group (LLOY.L) and Royal Bank of Scotland (RBS.L) reported gender pay gaps of 32.8 percent and 37 percent respectively.

The Bank added that its overall share of women in global senior leadership roles has increased year-on-year over the past five years and was 26.8% at the end of 2017.

The bank has also said it was encouraging flexible working and shared parental leave, encouraging the furthering of women's careers.

"We are making progress".

"There are a number of specific steps we are taking to improve our gender balance which we expect will positively impact our gender pay gap in the United Kingdom over time". "Improving our gender balance will take time and require sustained focus over the long-term", the company said.

Marco Gobbetti, chief executive of Burberry, said: "With women making up 70% of our 3,500 employees in the United Kingdom, we are committed to narrowing this gap as we work to develop more women leaders to drive the growth and success of our business".

Goldman Sachs International has revealed it pays female employees in the United Kingdom an average of 36.4 per cent less than male colleagues as the spotlight focuses on financial services pay disparity in the City. About 2,250 have filed figures so far, but the legislation is expected to affect about 9,000 companies, which collectively employ more than 15 million people. The company said the gap stemmed from low representation of women in highly paid roles such as pilots, engineering, technology and senior management.

The bank's report also shows an 86% difference between average bonuses paid to women and men.

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